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<br /> BANXS �j 9p�q ,��:"----
<br /> ef�.e �Od�I6Y`! • ' r F;--
<br /> , TMlS DEED OF TRU��la mado thls_.b3._�dey fB Anr�1. 19 34�,by nnd botvioen Gr�i -Tnhnnoa,ttpa , '
<br /> ' " Ka�_,ip�g�� Wi whether orte or more,(here►rtaltor cellod the"Tivator'), __
<br /> whosomaltingadd�osals G414 wer—�and Tx°A Gi�cJ.e�,�►�;d xs7,a�¢, N� 68 Q�. , , _
<br /> � NOHWEST BANK NALIEAB�tR�I3Rrt,�OriR1 ABA6C�at�0i1 (haolnaltorcallpd tho"Tiustea"),v✓hcso mntl.�rtg address ls ,;,._ _ _
<br /> �02 c.•. 3rd ct_ ct«�d Ialnnd�N�,andNORWEStBANK '�°�~�.... Q�r.�at�naa� Aaannln +�„ ,(ha�slnalter
<br /> calfed ths"Sarrellcfary'),whose ma!!!ng eddress!s 20Z �T�.__33d St.. GrAnd IRl�nd. NE 68801 • � •. J�`"T-
<br /> WITNESSE7N: ' � ' �
<br /> „
<br /> IF THfS BOX IS CHECKEO( /THIS OEED OF TRUST CONSTITUTBS A CONSTRUCTION ___
<br /> SECURITY AOREEMENT UNAER THE NEBRASKA CONSTRUCTfON 11EN ACT AND CREATES, _
<br /> ORANTS ANA CONSTITlJTES A CONSTRtJCTfON SECURITY lNTERFST!N THE PAOPERTY ��'``• - --
<br /> DESCRIBED HEREINBELOW. ' "���"� �
<br /> WHEREAS,TiastorJslndebted to 8eneflclery in the pdocipslsum o/.�i�FT 'j'HnttQat�m ANn xn/t nn�__�__�.._----_--- ' :••�-;�.�'_p
<br /> � 8.000.00 ril 13 �g Q� (herelneRer ''�'�'-'*
<br /> pope�($ ),whlch lndebiedness Is evidenced 6y Tiustor'o promissory note dated Ati1 , . �'r:.e:
<br /> � caUed dte"Note'),payable ro the order of 8eneflclary and havMg a matudry ol A.*rt� t S , 199 5 , y.,�_t'�;`�..
<br /> NOW,7HEftEFORE,for tbe pu►pose ol secudng: • , __:=_'`�-
<br /> (a)payment o/the Note,together wlth lnterest thereon,late charges,prepayment penaf�es,any tuture advences,and al!extsrr�sfons, n,=,,,�—__`__
<br /> m o d l fl c e H o n s,s u b s d tuUons snd renewals thweof, �. .
<br /> °��4Al�n,'ti---__
<br /> � (4) payment al all other sams,fees or chargos,togettr�r wlth fnterest thereon,advanced to protect the securiry oo lfrts Q�e�i oP FeusP and �{` � -
<br /> 1 r �:�Y. .,,,
<br /> the�ovtennance ol the covenants and agreertrenGs o0 Trusror,whether or not set torth hereln, ,,;;;.:�.,�.•: '!�°°=`.`__
<br /> (c) /t��amraaao,d)schavge of and c�m�liarr�e wi�fi every term,eorenant,obllgaticn ertd agaearnErrt ol Trusror conPained Pr¢roia�or t.�., •• ''�°'°-'.��,���-
<br /> .: i,,.,.�•--
<br /> incer�ovafeel by�ef¢►�nc�or eary oPher secu►iry lnsdument aY anytima�i�r�n to seCUro the NoPe,and '��;,,;. ,;;;:;r.;�ff�__=-.
<br /> (d) the repayment ot afl t�iher sums o�lufure advances,wlih lnterest tharean,�vPrich may he�eto9o��have been or henaafter be a¢ivanced ! . G�,.�,.�; ,
<br /> " ' � by 8eneficiary to Tvustor or Tr✓sto►'s successor!n Interest or 6Ue, :_ �-:
<br /> all o/whlch!s he�einafter coJiectively cslled the"Indebtedness",Tiustor iaevocab(���ants and trans/ers to Tiustee,Jn tnrst,WITH POWER „ . --°
<br /> �4':�.==.
<br /> � OF SALE,the to�lawing descdbed propeity: �. , "°-
<br /> �:.
<br /> �. .,,,., :
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<br /> L�*t 29, Regency By the Green Subdivision, an addition to the City of Grand Island, � '��ry
<br /> Hall County, Nebraska '��
<br /> ,��k- "�.
<br /> .,.�..�.
<br /> _�: � . ;., r�.:-
<br /> � together with(!)a/l bWldings,structures,addiHons,enlergements,modi/IceHons,repelrs,replacements,and lmprovements now�r herea/te� t.,_:,k�� '�•;��r�r;.�,
<br /> ';^:,.::-� located thereon,(i!)e!I eqalpment,machlnery ar+d Bxtures pncluding,wlthout IlmitaBon,al!lightJng,heating,vendlatlng,cooilag,a/� • ._�:.;.., �� -'
<br /> '�1.�'.•� condldonln ,s dnkdn and lumbJn flxtures,water and ower s stems,en lnes,bollers,ran es,ovens,dishwashers,mJrrors and mantels, '1'?�':'�,y „ �;r—
<br /> 9 A 9 P 9 P Y 9 9 , �;�s. _;
<br /> ' ;�Yt,e: .
<br /> � cerpedng,lumaces,oi!bumers,efevators and morors,refdgere8on planis or units,communlaaUon systems,dynamos,transto�mers,electrica! ; � �
<br /> ' equlpment,storm and screen wlndows,doors,awnings and shades)now or he►eafier attached to,or bu!!t ln,any buiJding or Improvement ' �` �� " '''�
<br /> now or hereslter/ocated ihereon,(!!!)ell easements and dghts of way appurtenant ihereto,(Iv),af!lessehold estete,right,dHe and Interest ot LL� �i•.
<br /> Tiustor!n and to all leases, whether now or hereafter exis6ng a enfered lnto(including,without fimitation,aA cash and secudry deposlts,
<br /> advence rentals and dapasits or payments o/a slmUsr namre),perteining the�eto, (v)all�ants,issues,proNts end Jncome there/rom(subject � ,� � ,-
<br /> to the rlght o�Trusta to col/ect and a 1 such ren�s,is�ues, roNts and income as lhey 6ecome due end payable so long as no event of � �
<br /> defauft ex/sts he�eundor),(vi)a11 roya�es mineral,oil and ges rights and profits,water,water dghts,and water stock,(v!!)all tenements, ',f-f��'��;
<br /> �,:1':;::}.
<br /> heredltaments,privileges and appurtenances belonging.used or enjoyed i»connection therewlth,and(v!i!)all proceeds o/conversion, ,�:.;��,;�.. ,
<br /> voluntary or lnvoluntary,01 any of the/oregoing inro cash or/iquidated claims(Inciuding,without iimitation,p�oceerls of insursnce and � . ����' �"u -
<br /> condemna8on awa�ds),al!o/which!s he�elnafter collectively called the"7rust PropeRy". � ` =•'��'`
<br /> • ';"i c�y,`, �, *�,��
<br /> ' TO PROTEC�7NE SECURlTY OF THIS DEED OF TRUST, TRUSTOR COVENANTS ANO AGF�EEa A S FOLLOWS: . � ''�`�••Y� ��
<br /> ',: �, .��:.;::
<br /> � . 1. Tltle.�rUStor covenants,werrants anu aqrees with Bene�iciery,its successors and assigns,that Tiustor owns ihe Tiust Properry l�ee � . �;';.;`�<t�^�-.
<br /> • hom any p�lor llen or encumbranca,that this Deed of Trust is snd wili remain a vafid and enlorcesble first fien on the 7rust P�ope►ty, �'�,�•�'�-'. ,�
<br /> z � that Tit�stor,at!ts expense,will preserve such tiUe and will maintain ihis Oeed ol Trust as a first and paramount lien upon the Tiust I �
<br /> '.• Property end will forever wa�rant and defend the validity and p►lairy of fhe lien hereo/against the cfelms of all persor+s and parties � ��
<br /> '. whomsoever.Tiustor,at its expense,will cause this Deed of Trust,and each amendment or supplement hereto,to be filed and ; ;�-.
<br /> ►ecoided as a mortgage of the Trust Property in such manner and in such place and will take such action as in the opinion o/Tiustee , ^�s�
<br /> �'�'� � ' may be iequlred by any p►esent or future law in order ro perfect,maintain and protect the lien of this Deed o�Tiust,as the same mey ! . „
<br />`;��° � be amended or supplemented frorr�time to time. Trusta will make such further assurance or assurances to perfect its tit/e to the Tiust • �':=-
<br /> ,i .:
<br /> Property es may be requlred by Bene/iciary. Trusta hereby relinqu/shes ali right of dower and homestead in and to the Tiusf Prope�fy. •~�;; ;z=
<br /> r;
<br /> 2. Payment ol lndebiedness.Trustor shall punctua/ly pay the pnncipal o/and interest on the Indebtedness secured hereby. �
<br /> � 3. Conshucdon of Improvements.Trustor shall complete in good and workmanlike manner any buildings,�mprovements or repairs rela6ng ti,�i
<br /> thereto whlch may be begun on the Tiust Property or contemplated by ihe loan evidenced by the Note secured hereby.to pay when ; �•�.
<br /> � due ali costs end liabilities incw�ed lherelore,and not to permit any construction lien agafnst such Trust Property.!n the event ". �
<br /> constructian ol buildings,improvements or repairs are contemp/aied. T�ustor arso ag�ees,anything in this Deed ol 7rust to the contrary � �y
<br /> . notwithstanding;(a)to promptly commence any such wo►k and to complafe the proposed improvements promptly.(b)to complete the :'.;��
<br /> same!n accordance with the plans and specifica6ons as approved by Benefic�ary,(c)to comply wrth ell the terms ol a buildmg loan , : �..
<br /> agreement,if any,behveen Trustor end Beneficiary. fhe terms o!which a�e incorporated herein by re�erence and made a part hereof. ; ;
<br /> (d)to allOw Seneficiary to inspect the Trust Properly at all trmes dunng construction,and(e)to replece any work or mate�lafs ''�
<br /> unsatisfactory to 8ene/rciary wdhin filteen 115)days alter written notice Irom Beneliciary o�such/ect. �?
<br /> 4. Funds for Payment o/CAarges.Sub�ect to appl�cab�e law or to a wntten waiver by Bene6aary, Trustor shell pay ro Benehr,�ary on the �;;�°
<br /> /irst day of esch month,o�such other date each month as mey be specd�ed by Beneliciary,unt�f the Indebtedness�s paid�n lull,a sum
<br /> (herelnalte►ca/!ed the"Funds"J equa�to 1 12th ol the yearly taxes end assessments wh�ch may atte�n pnority ove�this Deed oi Trust ���`�
<br /> � and ground rents on the Trust Properry.�l any,pfus 1 12th ot the yearfy premwm installments for hazard�nsurance.plus 1 t 2th o/the �� u
<br /> � yeady premium installments!or mongage insursnce. �!any, all as reasonably eshmated en�t�ally and lrom hme to time by Benelicrary on �. ,�
<br /> ».e hao����ao�occ.r,anr.c and h�ds and reasonaGle eshmates thereol. 7he Funds shall be held m an instdut�on,the deposrts or �
<br /> accounts ot which are insured or gusranteed by a federal or state agency indudmg Bene%c�ary. Benenc�ary snan appry rne runos ro �
<br /> pay said taxes,essessments.msurance premwms and ground�ents.Benel�aary shall not be requrred to pay T�ustor any rnterest or ,y�
<br /> eamings on the Funds.Ben�ficiary shall g�ve to Trustor.without charge,an annuaf accounhng ol the Funds show�ng cred�ts and
<br /> deb�ts to the Funds and the purpose lor wh�ch each debrt to the Funds was made. The Funds are pledged as add�honal secunty for
<br /> the lndebfedness secured by this peed ol Trust. If the amount of the Funds he►d by Benef�c�ary,togethe�with the�uture monthly � �
<br /> :� instellments of Funds pay8ble prior to the due dates of taxes,assessments.insurance premiums and ground rents,shall exceed the
<br /> amount required to pay said taxes,assessments,msurance premwms and ground rents as they fa►1 due.such excess shaf/be.at
<br /> � Tiustor's option,either promptly repaid to T�ustor or credited to Trustor agamst luture monthly instalfinents ol Funds.fl the amount ol
<br /> the Funds held by Beneficiary shall not be suHicient to pay taxes.assessments.�nsurance premrums and ground rents as they lall due.
<br /> Trustor shall pay to 8eneficiary arty smount necessary to make up the dehciency withm th�rty days Irom the date not+ce rs maded by •
<br /> 8ene6ciery to Tnrstor requestrng paymen[thereol.U�on pa y�ant m luif of all fndebtedness.Benel�c�ary shalf promp!'v•efund to
<br /> Trustor any Funds held by 8enefrcrary. I!the Trust Property�s so�d under the power o/sale or the Trust Property�s or��e f��se acqu��ed �
<br /> ' by��neficiary.Senel;crary shai�apply,lmmediate�y p�or to tca sale of the Trust Property or its acqu�s�GOn by BeRef•c,ay any Funds ,`
<br /> � held by Benefic�ary at th�trme of app/ication as a cred�r agamst the tndebtedness.!�Benelrc�ary executes a wntten wa;ve�o�Trustor s ,
<br /> , • I ob�rgatrons under thes 6�aragraph 4. Trustor covenants and agrees to pay be�ore the same become del�nquent.au taxes.assessTents , ,
<br /> INe�7•S'v':i i! L'ec.as�aC•y
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